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Home » Bitcoin to End Year at $25,473 . See  Other Finder’s Bitcoin Price Predictions

Bitcoin to End Year at $25,473 . See  Other Finder’s Bitcoin Price Predictions

Techeconomy by Techeconomy
July 13, 2022
in Digital Assets
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Bitcoin (BTC) still has room to fall this year, according to Finder.com’s latest Bitcoin Price Predictions report.

Key Highlights:

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  • Bitcoin (BTC) to bottom out at $13,676 before ending the year at $25,473 
  • 77% of panelists say the market is officially in a ‘crypto winter’
  • Only 29% think this bear market will end in 2022
  • BTC predicted to be worth $106,757 by 2025 and $314,314 by 2030

Finder’s panel of 53 cryptocurrency and Web3 industry specialists think BTC is set to bottom out at US$13,676 on average in 2022 before ending the year at $25,473. 

Martin Froehler Morpher CEO, thinks BTC will sink to $12,000 before recovering to $40,000 by the end of the year. 

Bitcoin prediction

“It’s reasonable to expect to see more big projects fail in the next couple of months. Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.”

Bitcoin’s downturn is reflective of the broader market, with 77% of panelists saying we’re officially in a ‘crypto winter’.

The biggest driver behind the crypto crash is global interest rate hikes, according to 70% of panelists. This is followed by Terra LUNA’s collapse (68%), tightening of balance sheets by central banks (47%), and rising inflation (40%). 

Bitcoin prediction

However just how long the crypto winter will last is up for debate. Only 29% think the market will recover this year, while 46% say it will last until 2023 and 24% say it’ll last until 2024 or even later. 

Senior lecturer at the University of Brighton Paul Levy thinks the crypto winter will last until the second half of 2023 and thinks BTC will end 2022 at $15,000. 

“Bitcoin will likely bounce back in 2023 which may actually lead to inflated expectations and further instability. Much of course depends on world events such as the war in Ukraine and its own ongoing impact on global confidence,” he said. 

Arcane Research analyst Vetle Lunde thinks BTC will bottom out at $13,000 and end the year at $20,000. 

“A myriad of negative forces has crushed the strength of bitcoin…. further tightening and unwinding of bad crypto debts will create sobering times onwards, and investors should buckle up for more difficulty.”

The panel’s average price predictions for BTC have dropped dramatically this year. In April, the panel expected Bitcoin would be worth $65,185 by year-end – meaning the average prediction has dropped by 61% in just a few months.  

While still significant, the 2025 and 2030 price predictions have declined less dramatically and are still well above bitcoin’s all-time high of nearly $70,000.

Bitcoin prediction

In April this year, the panel thought BTC would be worth $179,280 by 2025 and $420,240 by 2030. Today they expect BTC will be worth $106,757 by 2025 and $314,314 by 2030 – representing a drop of 40% and 25% respectively.

With bullish longer term price predictions, 50% of Finder’s panel now say it’s time to buy BTC (down from 67% in April) with 40% saying it’s time to hold and 10% sell. 

However the panel is divided on the role of bitcoin. 42% classify bitcoin as a risk asset and another 42% as store of value, with the remaining 15% saying they classify it as neither.

Digital Capital Management managing director Ben Ritchie, thinks bitcoin is a store of value and will be worth $200,000 by 2025 and $400,000 by 2030. He says bitcoin can be used as an inflation hedge but on a much longer time scale than gold or other asset classes. 

ByteTree chief investment officer Charles Morris thinks bitcoin is a risk asset but still thinks BTC will be worth $250,000 by 2030. 

“Bitcoin is almost a pure risk asset, almost opposite to gold which is long-term risk free.”

A handful of panelists including University of Sussex professor of finance Carol Alexander think Bitcoin will eventually shrink in value.

Bitcoin prediction

“Unlike many other established crypto assets, bitcoin is purely speculative. It has no utility value for the development of Web 3.0,” she said. 

You can view the full report here 

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